NTPC REL secures bid for 900 MW solar project in PFCCL’s 1250 MW solar tender 
News Updates

NTPC REL secures bid for 900 MW solar project in PFCCL’s 1250 MW solar tender

NTPC Renewable Energy Limited has secured the bid for 900 MW capacity in the Solar tender floated by PFCCL on behalf of NTPC Ltd

PSU Watch Bureau

New Delhi: NTPC Renewable Energy Limited has secured the bid for 900 MW capacity in the Solar tender floated by PFCCL on behalf of NTPC Limited for the selection of 1250 MW ISTS-Connected Solar PV Power Projects in India under the Flexibility Scheme.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

The reverse auction for the tender was conducted on December 21 by PFCCL. The discovered tariff is Rs 2.53/kWh and the energy generated shall be procured by NTPC Ltd. This is envisioned to replace thermal power through existing PPAs of NTPC Ltd. with various DISCOMs.

Presently, NTPC Group has 3.36 GW RE operational capacity with nearly 20 GW in pipeline. NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Stock markets rebound in early trade after two days of slump

NTPC more than doubles Rammam-III HEPP cost estimate to Rs 2,865.56 crore

BPCL appoints Dibyendu Dwijesh Sarkar as CGM (Renewable Energy)

1.72 lakh people died in 4.80 lakh road accidents in 2023: Road Ministry report

NALCO to invest Rs 35,600 cr in expansion, eyes Maharatna status by 2030